India, April 14 -- Tariff exemptions, announced heading into the weekend past, are off. US President Donald Trump, earlier today, confirmed in a Truth Social post that there is no tariff exemption. No one's "off the hook", to be precise; and that they are "taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations". That could be as early as next week - for now, semiconductors, computers and smartphones from China will still be subject temporarily to a 20% tariff (the base tariff is 10%) instead of a broader umbrella of 145% tariffs on Chinese goods.

There may be little scope of understanding any long-term direction, considering Trump's dynamic propensity (witnessed agai...